Key Takeaways:
- General Dynamics (GD, Financial) outperformed expectations with a 14% revenue increase in Q1 2023.
- The Aerospace segment showed remarkable growth, leading the revenue surge.
- Analysts foresee continued upside potential, with a notable "Outperform" rating.
General Dynamics (GD) demonstrated exceptional performance in premarket trading following the announcement of its first-quarter results, surpassing analyst expectations. The company reported a significant revenue increase of 14%, reaching $12.2 billion, alongside a 27% rise in earnings to $3.66 per share. The standout performer was the Aerospace segment, boasting a remarkable 45% surge in revenue and a 69% boost in operating earnings.
Wall Street Analysts Forecast
Wall Street analysts have projected promising prospects for General Dynamics Corp (GD, Financial). According to forecasts from 18 experts, the average target price is set at $288.88, with the highest estimate reaching $345.00 and the lowest at $230.00. This average target represents a potential upside of 5.12% from the current trading price of $274.80. Investors can explore more detailed projections on the General Dynamics Corp (GD) Forecast page.
Further insights from 25 brokerage firms reveal that General Dynamics Corp (GD, Financial) maintains an average brokerage recommendation of 2.4, classified as "Outperform." The recommendation scale ranges from 1 to 5, where 1 signifies a Strong Buy, and 5 indicates a Sell.
GuruFocus provides an estimated GF Value for General Dynamics Corp (GD, Financial) at $302.16 for the coming year. This estimate suggests a potential upside of 9.96% from the current price of $274.80. The GF Value represents an assessment of the stock's fair trading value, calculated based on historical multiples, past business growth, and future performance estimates. For more comprehensive data, investors can visit the General Dynamics Corp (GD) Summary page.
